FirstEnergy Corp. Wednesday announced a Request for Proposal will be issued to purchase 48,500 Solar Photovoltaic Alternative Energy Certificates annually over a two-year period on behalf of three of FirstEnergy's Pennsylvania utilities – Pennsylvania Power Company, Pennsylvania Electric Company, and Metropolitan Edison Company.
The RFP process will be conducted by The Brattle Group and will take place in October and November, with qualifying applications due by October 16 and bids due by November 6. Bidders in this RFP can offer to sell tranches of SPAECs, where each tranche represents a commitment to sell 500 SPAECs annually over a two-year period.
Based on the RFP results, FirstEnergy's Pennsylvania utilities will enter into separate agreement(s) with winning suppliers to purchase the necessary quantities of SPAECs.
Further information about the SPAEC RFP is available on FirstEnergy's website.
